“According to the Institute for Policy Studies, the $26.7 billion of bonuses Wall Street banks paid out last year would be enough to more than double the pay of every one of America’s 1,085,000 full-time minimum wage workers.”
via Robert Reich.
“The nice thing about cutting government spending in a highly unequal society, at least for the coalition, is that it doesn’t affect those with most of the assets and income. These folks don’t rely on government services, and their assets and incomes are, thanks to government policy, on the rise once again. They are also the folks that fund elections and show up to vote.”